MSc in Health Education and Health Promotion

Course Information Package

Course Unit TitleGLOBAL TRADE REGULATIONS AND PRACTICE
Course Unit CodeDLITSM515
Course Unit DetailsMA/LLM Maritime Law and Shipping Management (DL) (Specialisation Electives) - MSc International Trade and Shipping Management (DL) (Electives Courses) -
Number of ECTS credits allocated6
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Be familiar with the international controls in place for product trading.
  2. Develop an understanding of the framework of international business and its driving forces together with its basic methodologies.
  3. Be familiar with the range of transport options available to merchants.
  4. Develop an understanding of worldwide payment methods used for international business and their associated commercial risks.
  5. Develop an understanding of how macroeconomic and political changes in the world affect trading values.
  6. Describe in detail how corporate export and import practices are driven by incoterms®.
  7. Assess how customs regimes exercise control, both of sensitive items and during periods of internationally agreed sanctions and embargos.
Mode of DeliveryFace-to-face
PrerequisitesNONECo-requisitesNONE
Recommended optional program componentsNONE
Course Contents
• Strategic overview of control of world trade: Role of WTO,control and membership of ICC, influence of WCO & development of ‘SAFE’ concept, development and principles of Commodity trading 
• Market analysis and segmentation: profitability and cost relationships, international pricing, market entry methods 
• Modes of Transport: advantages and disadvantages of each, relationship with corporate objectives 
• Payment methods: different payment systems used in international trade, corporate concerns attached to each, construction of a ‘risk spectrum’ associated with payments 
• Insurance against international trading risks, methods and management of foreign exchange risks 
• Incoterms: corporate and contractual requirements arising out of their use, risks associated with each term 
• Role of customs in international trade: standard actions of customs regimes, international standardisation, export controls 
• Trading under sanctions and embargoes
Recommended and/or required reading:
Textbooks
  • J Reuvid & J Sherlock: “International Trade: An Essential Guide to the Principles and Practice of Export”. Kogan Page, 2011
References
  • K Shakespeare: “Trade for Good: The Essential Guide to Business and Finance in the UK and International Trade”. Ecademy Press, 2011
  • AE Branch: “Import and Export Documentation”
  • Catherine Truel: “A Short Guide to Customs Risk”
  • Daniels, Radebaugh, & Sullivan: “International Business Global Edition: Environments and Operations”.
  • International Chamber of Commerce (2010). Incoterms®2010. ICC publication No 715E. Paris: ICC.
  • Bennett & Blythe: “International Marketing: Strategy, Planning, Market Entry & Implementation”.
Planned learning activities and teaching methods
The intended use of this module is such that you progress through from unit 1 to unit 10 in unit order. The module is designed to introduce and explain the material you are expected to learn. All the readings from the recommended textbooks associated with a specific unit, will be clearly stated. Furthermore, any relevant readings associated with a particular topic will be stated at various points within the unit, wherever appropriate. It is worth noting that all readings provide a good source of additional examples on which you can practice if you so wish.
The on-line learning environment provides an opportunity for receiving on-line feedback from the Module Instructors during your study and you are strongly advised to take advantage of this. In addition, you will be encourages to interact both with other students and your instructor so as you feel part of an on-line community of learners that belong to the University network.

Recorded lectures/ Narrated presentations
You may be asked to watch a recorded lecture or narrated presentation posted on the web addressing the main concepts of a particular unit.

Dynamic Online Interaction: 
 • Asynchronous communication tool (Discussion Forum)
You may be asked to participate, wherever appropriate, in an online forum posting your views on certain topics covered in a particular unit.  
 • Synchronous communication tool (instant messaging)
Using the synchronous communication tools (such as, Skype, chat rooms, video-conferencing, etc.), you may discuss with the Module Instructor (s) and/or other students on line with reference to specific issues covered in a given unit.

Self-assessment:
Throughout the Study Guide, you will find a various forms of assessment/ self-assessment as follows: 

Online multiple choices questions on the topics covered. 
Online review questions designed to provoke thought/ action and reflection on the topics covered in each unit and their applicability in real life.
Online numerical exercises that require computational work designed to check that you can correctly apply a technique or method covered in a specific unit.
Discussion forum participation based on recommended articles and the questions offered for dynamic online interaction.
Instant messaging participation.
Further readings beyond those already recommended in this Guide.

Assessment methods and criteria
Course Work/Assignment50%
Final Exam50%
Language of instructionEnglish
Work placement(s)NO